Pensions cover two major groups – firstly SAVING BEFORE Retirement, a primary concern for any Private Pension Planner, and secondly INCOME AFTER Retirement – we deal with both groups
In the first group, there is a range of different pensions that can be offered, subject to your circumstances. Most of these will allow you to save for retirement and get Tax benefits for doing so. A Survey by the Central Statistics in 2020 shows that 65% of adults under 70 have made some form of provision for retirement on top of the State Pension. Of these, 70% have a pension through their jobs. This leaves a lot of people who need to speak with a Financial Adviser to get guidance for many queries, such as:
From our research, less than 20% of people have a firm understanding of what they are likely to receive when they retire. We want to increase that number.
If you have reached retirement age, then you have more challenges:
There are a lot of variables when planning for Retirement – both before and after. You must take the worry out of it by consulting an Expert, especially when it comes to income protection insurance in Ireland. Talk to us. There is no such thing as a silly question.
We have been advising our clients on their Pensions for an average of 30 years. We do not take shortcuts, and will always have your best interests at heart.
In Ireland, private pensions are an essential component of financial planning Ireland. These pension schemes cater to both employees and the self-employed, offering a structured approach to building a secure financial future. Contributors make regular contributions, often with the added advantage of tax relief, with the government typically providing a 25% top-up on contributions for basic rate taxpayers.
Private pension funds are invested in various assets, managed by professionals to maximize returns. The retirement age for accessing these funds is typically 55 (rising to 57 from 2028), and contributors have flexibility in choosing their retirement income options.
